Knight Frank are delighted to bring to market For Sale, 6 Garden Street, South Yarra.
Situated in the heart of South Yarra you will find this prime investment opportunity, located in one of Melbournes most iconic and high end developments.
This premium investment currently trading as Orange Theory Fitness, is a privately owned fitness franchise with over 1,000 locations worldwide throughout 21 countries.
This boutique location offers all the key attributes of a South Yarra address, such as close proximity to public transport, car parking and the iconic Chapel Street strip.
The property is complimented by outstanding public transport with Trams and Train station only moments away. This investment will be a great addition to any investors portfolio and truly is a set and forget opportunity.
Key investment features include:
Leased to Orange Theory Fitness
Brand new Ten (10) year lease
Commencing 12th November 2018
Two (2) further terms of five (5) years
Net income $160,000 per annum plus GST
Outgoings and GST paid by tenant
3% fixed increases
256sqm internal area
For further details please contact Paul Lillis or Lewien Gallus.
